TABLE 4
FROM:
The Chinese Insurance Market: Estimating its Long-Term Growth and Size
Wei Zheng, Yongdong Liu and Gerry Dickinson
BACK TO ARTICLETable 4. Estimates of China's total insurance premium by market exchange rate method (2006–2020) (Billion Yuan)
| Item | Conservative (GDP growth rate 6 %) | Median (GDP growth rate 7.5 %) | Optimistic (GDP growth rate 9 %) | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Life | Non-life | Total | Life | Non-life | Total | Life | Non-life | Total | |
| Premium of 2005 | 324.4 | 168.3 | 492.7 | 324.4 | 168.3 | 492.7 | 324.4 | 168.3 | 492.7 |
| Comparable premium of 2020 (2005 prices) | 968.3 | 535.1 | 1,503.3 | 1,282.5 | 702.7 | 1,985.2 | 1,715.5 | 927.7 | 2,643.2 |
| Annual growth rate 2006–2020 | 7.6 % | 8.0 % | 7.7 % | 9.6 % | 10.0 % | 9.7 % | 11.7 % | 12.1 % | 11.8 % |
